BSE: 0 | NSE: SEL | Power Generation/Distribution | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Sungarner Energies Ltd is a below average quality company.
The key valuation ratios of Sungarner Energies Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sungarner Energies Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 16% | 32% | 26.3% | 17.2% | - |
| Value Creation Index ⓘ | 0.1 | 1.3 | 0.9 | 0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 5.4 | 7.9 | 17.3 | 18 | 18 |
| Sales YoY Gr. | - | 48.1% | 118.1% | 3.8% | - |
| Adj EPS ⓘ | 1.2 | 4.5 | 4.4 | 4.5 | 4.5 |
| YoY Gr. | - | 265.9% | -1.6% | 1.1% | - |
| BVPS (₹) ⓘ | 7.7 | 12.2 | 19 | 41.2 | 41.2 |
| Adj Net Profit ⓘ | 0.2 | 0.6 | 0.7 | 1 | 1 |
| Cash Flow from Ops. ⓘ | 0.1 | -0.7 | -2.2 | -5.6 | - |
| Debt/CF from Ops. ⓘ | 10.9 | -3.3 | -1.9 | -1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 49.7% | 3.8% | ||||
| Adj EPS ⓘ | NA | NA | 53.9% | 1.1% | ||||
| BVPSⓘ | NA | NA | 74.7% | 116.3% | ||||
| Share Price | - | - | - | 139.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 15.9 | 45.1 | 31.2 | 16.3 | 10.9 |
| Op. Profit Mgn % ⓘ | 7.2 | 12.2 | 7.3 | 10.7 | NAN |
| Net Profit Mgn % ⓘ | 2.9 | 7.2 | 4.3 | 5.8 | 5.8 |
| Debt to Equity ⓘ | 1.1 | 1.5 | 1.3 | 0.6 | - |
| Working Cap Days ⓘ | 0 | 125 | 125 | 243 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 70 | 83 | 177 | 0 |
Sales growth is growing at healthy rate in last 3 years 49.67%
Net Profit is growing at healthy rate in last 3 years 53.86%
Debt to equity has declined versus last 3 years average to 0.60
Return on Equity has declined versus last 3 years average to 10.90%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.5 | 4.6 |
| TTM Sales (₹ Cr.) | 18 | 17.7 |
| BVPS (₹.) ⓘ | 41.2 | 41.3 |
| Reserves (₹ Cr.) ⓘ | 7 | 7 |
| P/BV ⓘ | 12.56 | 12.52 |
| PE ⓘ | 115.19 | 111.83 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 120 |
| Equity (₹ Cr.) | 2.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 26.7 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 5 | 8 | 17 | 18 |
| Operating Expenses ⓘ | 5 | 7 | 16 | 16 |
| Manufacturing Costs | 4 | 5 | 12 | 14 |
| Material Costs | 0 | 0 | 0 | -4 |
| Employee Cost | 1 | 2 | 3 | 3 |
| Other Costs ⓘ | 0 | 1 | 2 | 3 |
| Operating Profit ⓘ | 0 | 1 | 1 | 2 |
| Operating Profit Margin (%) | 7.2% | 12.2% | 7.3% | 10.7% |
| Other Income ⓘ | 0 | 0 | 0 | 0 |
| Interest ⓘ | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 1 | 1 | 2 |
| Tax ⓘ | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | 1 | 1 | 1 |
| PAT Margin (%) | 2.9% | 7.2% | 4.3% | 5.8% |
| Adjusted EPS (₹) | 1.2 | 4.5 | 4.4 | 4.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 1 | 2 | 3 | 10 | ||||||
| Share Capital ⓘ | 0 | 0 | 2 | 2 | ||||||
| Reserves ⓘ | 1 | 1 | 2 | 7 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 1 | 2 | 4 | 6 | ||||||
| Long Term Debt | 0 | 1 | 0 | 0 | ||||||
| Short Term Debt | 1 | 2 | 4 | 6 | ||||||
| Trade Payables | 1 | 1 | 1 | 1 | ||||||
| Others Liabilities ⓘ | 0 | 1 | 1 | 2 | ||||||
| Total Liabilities ⓘ | 3 | 5 | 10 | 18 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 2 | 2 | 2 | 3 | ||||||
| Accumulated Depreciation | 0 | 0 | 0 | 1 | ||||||
| Net Fixed Assetsⓘ | 1 | 2 | 2 | 2 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 1 | 2 | 4 | 5 | ||||||
| Trade Receivables | 1 | 1 | 3 | 8 | ||||||
| Cash Equivalents | 0 | 0 | 0 | 0 | ||||||
| Others Assetsⓘ | 0 | 0 | 1 | 3 | ||||||
| Total Assets ⓘ | 3 | 5 | 10 | 18 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | -1 | -2 | -6 |
| PBT ⓘ | 0 | 1 | 1 | 2 |
| Adjustment ⓘ | 0 | 0 | 0 | 1 |
| Changes in Working Capital ⓘ | -0 | -1 | -4 | -7 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | 0 | -1 |
| Capex | 0 | 0 | 0 | -1 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | 1 | 3 | 6 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 1 | 5 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 1 | 2 | 2 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 15.92 | 45.11 | 31.15 | 16.34 | ||||||
| ROCE (%) | 16.01 | 31.95 | 26.32 | 17.19 | ||||||
| Asset Turnover Ratio | 1.69 | 1.86 | 2.23 | 1.26 | ||||||
| PAT to CFO Conversion(x) | N/A | -1 | -2 | -6 | Working Capital Days | |||||
| Receivable Days | 63 | 51 | 43 | 107 | ||||||
| Inventory Days | 54 | 67 | 68 | 99 | ||||||
| Payable Days | 0 | -1,268 | -1,296 | -136 | ||||||
The company was originally incorporated as a private limited Company under the Companies Act, 2013 in the name and style of ‘Sungarner Energies Private Limited’, dated April 30, 2015 issued by the Registrar of Companies, Delhi. Subsequently the Company altered its objects pursuant to a shareholders’ resolution passed at an extra-ordinary general meeting held on January 31, 2022, and a certificate of confirming alteration of object clause dated February 27, 2020, was issued by Registrar of Companies, Delhi. Subsequently, the name of the company was changed to ‘Sungarner Energies Limited’ pursuant to a shareholders’ resolution passed at an annual general meeting held on September 30 2022, and a fresh certificate of incorporation dated November 17, 2022 was issued by Registrar of Companies, Delhi.
Sungarner Energies Limited (SEL) was founded and promoted by Mr Sumit Tiwari in year 2015, with a motive of providing efficient and low-cost power solutions. The company is offering a wide range of power solutions such as Solar Power, UPS, Batteries, Inverters and Solar Panels. It provides solutions like design and engineering services in power sector to its customers.
At the start of its Journey ‘SEL’ was a Design Engineering and Solar EPC company and gradually company also diversified into Manufacturing of Power Electronics and Energy Storage Products. The company is also into manufacturing of Solar Inverters, Online UPS Systems, EV Chargers, and Lead Acid Batteries. The company has also obtained WMI code for manufacturing of EV Vehicles (although it has only developed prototype only and has not started full scale manufacturing of EV Vehicles). Company recognized the need for a dedicated R&D facility to innovate new product lines and it established a mid-size-in-house R&D facility in 2017 and staffed it with experts who will help the Company is Development of efficient power electronic product such as solar inverter, EV Chargers, harmonic filters, BMS system and Lithium Iron batteries.
Further, Research and development activities focus on the innovation of new products or services in a company. Among the primary purposes of R&D activities is for a company to remain competitive as it produces products that advance and elevate its current product line. Sungarner Energies produces lead acid batteries. SunGarner Products are available through its Distributors in to be successful in Lead acid batteries business apart from quality product distribution & Brand recognition is the backbone for growth in revenue. It has already established distribution network in some of the key market.
Business area of the company
The company is primarily engaged in the business of manufacturing of the solar Invertor and in the trading of batteries. Further it also engaged in the providing services such as Solar Power Plants Projects, Solar Power Generation System and Operation & maintenance.
Products of the company
History and milestone
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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